Allspring Global Investments Holdings LLC Acquires 31,158 Shares of PulteGroup, Inc. (NYSE:PHM)

Allspring Global Investments Holdings LLC raised its holdings in shares of PulteGroup, Inc. (NYSE:PHM - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 715,783 shares of the construction company's stock after acquiring an additional 31,158 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.35% of PulteGroup worth $73,754,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in PulteGroup in the 4th quarter valued at approximately $37,000. TD Waterhouse Canada Inc. raised its holdings in shares of PulteGroup by 43.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 349 shares of the construction company's stock worth $38,000 after acquiring an additional 105 shares in the last quarter. American National Bank & Trust acquired a new stake in PulteGroup during the first quarter valued at $39,000. Quarry LP purchased a new position in PulteGroup in the fourth quarter valued at about $43,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of PulteGroup during the 1st quarter worth about $61,000. Institutional investors and hedge funds own 89.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of PulteGroup from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Evercore ISI raised their target price on PulteGroup from $161.00 to $165.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Seaport Res Ptn raised PulteGroup from a "strong sell" rating to a "hold" rating in a report on Thursday, March 6th. Royal Bank Of Canada decreased their price objective on shares of PulteGroup from $116.00 to $109.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Finally, Wedbush reiterated an "outperform" rating and issued a $135.00 target price on shares of PulteGroup in a report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $134.69.

PulteGroup Price Performance

PulteGroup stock traded down $1.18 during trading hours on Monday, hitting $104.34. 203,284 shares of the stock were exchanged, compared to its average volume of 2,138,100. PulteGroup, Inc. has a 12 month low of $88.07 and a 12 month high of $149.47. The business's 50-day moving average is $101.61 and its two-hundred day moving average is $104.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $20.91 billion, a P/E ratio of 7.36, a P/E/G ratio of 0.31 and a beta of 1.29.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.10. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. PulteGroup had a return on equity of 22.86% and a net margin of 16.45%. During the same quarter in the prior year, the company posted $3.10 earnings per share. Equities research analysts expect that PulteGroup, Inc. will post 12.32 EPS for the current fiscal year.

PulteGroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.84%. The ex-dividend date is Tuesday, June 17th. PulteGroup's payout ratio is presently 6.21%.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.